127 replies to this topic

[redfoliage2]

 

 

 

Too bad the market has turned into a pump to dump market due to uncertainties with the unprecedented policies. It's become hard to do directional trading, it's just directionless and volatile .........................

Even NVDA got dumped today, down more than 3% right now, something must be wrong behind the scenes ...........................

 

So, a logical question to ask at this juncture is if ES 5920 going to hold or not by the close today?  But let's see if we get another pump-up before anything............................

 

Well, the IT bullish trendline was finally smashed, this is now no longer an IT bull market as defined by trendlines, still a LT bull market though.  Today's mini crash removed all the 2025 YTD gains for SPX and NDX........................

 

The market is on a VST oversold bounce, but I see it's not going to last as there is more downside work to be done at this juncture  .................................

Edited by redfoliage2, 28 February 2025 - 11:11 AM.

[redfoliage2]

 

 

 

 

Too bad the market has turned into a pump to dump market due to uncertainties with the unprecedented policies. It's become hard to do directional trading, it's just directionless and volatile .........................

Even NVDA got dumped today, down more than 3% right now, something must be wrong behind the scenes ...........................

 

So, a logical question to ask at this juncture is if ES 5920 going to hold or not by the close today?  But let's see if we get another pump-up before anything............................

 

Well, the IT bullish trendline was finally smashed, this is now no longer an IT bull market as defined by trendlines, still a LT bull market though.  Today's mini crash removed all the 2025 YTD gains for SPX and NDX........................

 

The market is on a VST oversold bounce, but I see it's not going to last as there is more downside work to be done at this juncture  .................................

 

But if ES gets above 5925 today we may have seen a bottom .......................... 

Edited by redfoliage2, 28 February 2025 - 11:38 AM.

[dTraderB]

Back to FLAT. NOT GOING SHORT OR LONG INTO WEEKEND after that amazing TRUMP - ZELENSKY disaster. I think market will make new weekly lows by 4pm today.

[redfoliage2]

It looks dumping now if below ES 5925 ...............................

Edited by redfoliage2, 28 February 2025 - 03:39 PM.

[dTraderB]

Happy ending of week & month!
I think market may dip a bit next week but the worst of this pullback is over.

[dTraderB]

NVDA on fire!

[redfoliage2]

 

 

 

 

 

Too bad the market has turned into a pump to dump market due to uncertainties with the unprecedented policies. It's become hard to do directional trading, it's just directionless and volatile .........................

Even NVDA got dumped today, down more than 3% right now, something must be wrong behind the scenes ...........................

 

So, a logical question to ask at this juncture is if ES 5920 going to hold or not by the close today?  But let's see if we get another pump-up before anything............................

 

Well, the IT bullish trendline was finally smashed, this is now no longer an IT bull market as defined by trendlines, still a LT bull market though.  Today's mini crash removed all the 2025 YTD gains for SPX and NDX........................

 

The market is on a VST oversold bounce, but I see it's not going to last as there is more downside work to be done at this juncture  .................................

 

But if ES gets above 5925 today we may have seen a bottom .......................... 

 

That said a bottom was in last Friday.  VST we are likely to see ES 6060 to be recovered .................... ................................

Edited by redfoliage2, 02 March 2025 - 06:39 PM.

[redfoliage2]

 

 

 

 

 

 

Too bad the market has turned into a pump to dump market due to uncertainties with the unprecedented policies. It's become hard to do directional trading, it's just directionless and volatile .........................

Even NVDA got dumped today, down more than 3% right now, something must be wrong behind the scenes ...........................

 

So, a logical question to ask at this juncture is if ES 5920 going to hold or not by the close today?  But let's see if we get another pump-up before anything............................

 

Well, the IT bullish trendline was finally smashed, this is now no longer an IT bull market as defined by trendlines, still a LT bull market though.  Today's mini crash removed all the 2025 YTD gains for SPX and NDX........................

 

The market is on a VST oversold bounce, but I see it's not going to last as there is more downside work to be done at this juncture  .................................

 

But if ES gets above 5925 today we may have seen a bottom .......................... 

 

That said a bottom was in last Friday.  VST we are likely to see ES 6060 to be recovered .................... ................................

 

However, the support at ES 5925 must hold if it gets back tested ................................

Edited by redfoliage2, 02 March 2025 - 08:08 PM.